Home Health News Covid Deaths Top 700,000; U.K. Vaccine Investment: Virus Update – Bloomberg

Covid Deaths Top 700,000; U.K. Vaccine Investment: Virus Update – Bloomberg

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New York City will set checkpoints at key entry points to make sure travelers from 35 states or territories with high Covid transmission rates fill out forms to enforce state quarantine rules. Florida’s case count topped 500,000. Joe Biden will accept the Democratic Party’s nomination from Delaware rather than risk traveling to Milwaukee.

Johnson & Johnson will supply 100 million doses of its experimental Covid-19 vaccine to the U.S. The U.K. agreed to invest $18 million in a Scottish vaccine-manufacturing plant, while Moderna Inc. said it has received $400 million of deposits for its potential Covid-19 shot.

The global death toll from Covid-19 surpassed 700,000, data from Johns Hopkins University showed. China will speed up approvals for rapid-turnaround coronavirus test products, while a key Japanese minister warned a major new virus wave is coming.

Key Developments

  • Global Tracker: Global cases top 18.5 million; deaths pass 701,000
  • U.S. states form bipartisan testing plan as government dawdles
  • Japan’s virus rise erodes support for Prime Minister Abe
  • Novavax shares go on wild swing after early vaccine data
  • Ireland’s pubs face “devastating” blow with reopening postponed
  • Join our Q&A on school reopenings at 10 a.m. NY/3 p.m London (Terminal users only)

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.

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Biden to Skip Milwaukee for Convention (12:45 p.m. NY)

Joe Biden won’t travel to Milwaukee this month to accept the Democratic nomination for president at the party’s convention due to concerns about the coronavirus and will deliver his acceptance speech from his home state of Delaware, where he’s done most of his campaigning since mid-March.

The Democratic National Convention Committee announced Wednesday that no speakers will travel to Milwaukee for the convention on the advice of health officials. Biden had been expected to attend the convention in person and deliver his acceptance speech on Aug. 20, the last night.

Most of the speeches were already slated to be virtual and Biden would have been one of the only people to deliver an in-person speech. Delegates to the convention had already been told not to travel, and the official party business was moved online.

Arizona Testing Doubles (11:55 a.m. NY)

Arizona reported 1,698 new Covid-19 cases on Wednesday, an increase of 0.9% from the day before, amid a surge in testing. The seven-day average of new cases eased to 1.1%. The state Department of Health Services also reported 87 deaths, bringing the total to 3,932.

Testing numbers almost doubled in the state, and the positivity rate fell to 13% from 14.8% on Tuesday. In Maricopa County, the state’s most populous, health officials reported 14.8% positive tests, below the 16.3% rate from the previous day.

Chicago Schools Go Online (11:25 a.m. NY)

Chicago Public Schools, the third-largest school system in the U.S., will begin the 2020-2021 academic year with full remote learning amid an increase in the city’s coronavirus cases. The district will work with the Chicago Department of Public Health to assess if it’s safe to open to hybrid learning in the second quarter on Nov. 9.

The decision is based on public health data and survey results from parents that indicate a large portion are “not yet comfortable sending their children to school,” according to an emailed statement from the city Wednesday. Classes are set to start Sept. 8.

Florida Tops 500,000 Cases (11 a.m. NY)

Florida reported 502,739 Covid-19 cases on Wednesday, up 1.1% from a day earlier, compared with an average increase of 1.7% in the previous seven days. Deaths among residents reached 7,627, an increase of 225, or 3%, according to the report, which includes data through Tuesday.

The rate of people testing positive for the first time was steady at 10.9%, but new hospitalizations hit 621, the highest on record. But another gauge of the number of Covid-19 patients currently in Florida’s hospitals has shown the numbers ticking down in recent days.

NYC Checkpoints to Enforce Travel Rules (10:45 a.m. NY)

New York City Mayor Bill de Blasio said travelers who have visited 35 states or territories with high Covid-19 transmission rates are required to complete the state’s traveler form as they pass through checkpoints at key entry points into the city.

The travelers are required quarantine for 14 days upon arrival. The Sheriff’s Office, in coordination with other law enforcement agencies, will operate registration checkpoints at major bridge and tunnel crossings into New York City to ensure people coming from these states complete health forms to support contact-tracing efforts.

Rapid Vaccine Works No Safety Threat: Fauci (10:30 a.m. NY)

The rapid speed at which researchers are developing coronavirus vaccines doesn’t mean that safety is being sacrificed, said Anthony Fauci, the U.S. government’s top infectious-disease expert.

“The rapidity with which we are moving relates more to technological advances with how you can make a vaccine even before you start testing it,” Fauci, the head of the National Institute of Allergy and Infectious Diseases and one of the top U.S. health officials, said on Wednesday in an interview with Bloomberg Television.

The Trump administration is spearheading the vaccine push out of a program it created called Operation Warp Speed, a name Fauci has criticized for giving the impression that development is being rushed. The Food and Drug Administration has said a vaccine must work in at least 50% of patients before it will approve the shot.

Swedish Economy Proof of Herd Plan (9:30 a.m. NY)

Sweden’s finance minister says the country’s light-touch lockdown may have contributed to a less severe contraction in the economy. Finance Minister Magdalena Andersson said in an interview in Stockholm that the decline in second-quarter GDP was “slightly less than we expected in June and it’s less than in many other countries.”

But the controversial virus strategy has also coincided with one of the world’s highest death rates, relative to population, and the government has admitted more should have been done at the outset to test people and protect the elderly.

UConn Cancels Football Season (9:16 a.m. NY)

The University of Connecticut has canceled its football season as the safety challenges created by virus placed the athletes at “an unacceptable level of risk,” David Benedict, the director of athletics, said Wednesday.

The football team has been on campus since early July and no student-athletes tested positive for the virus.

Big Events Won’t Be Back Soon: WHO (8 a.m. NY)

Large sporting matches and music festivals pose special dangers due to the crowds involved and only countries that have the virus under control should allow them, but they need to do so gradually and limit the number of spectators, said Mike Ryan, head of the World Health Organization’s Health Emergencies Program.

“We all want sport back, we all want our festivals back,” he said Wednesday. “But it’s very unrealistic in countries with community transmission that we’re going to see large gatherings like that this year.”

People need to consider all social events’ risks, said Maria Van Kerkhove, the WHO’s top epidemiologist on Covid-19. “It’s not only the football matches,” she said. “This should be considered about birthday parties, about sleepovers.”

Countries experiencing intense transmission throughout the population need to be careful about schools, Ryan said. “We have to do everything possible to bring our children back to school, and the most effective thing that we can do is to stop the disease in the community.”

Scotland Locks Down Oil Hub (7:46 a.m. NY)

Scotland reimposed lockdown restrictions on travel and indoor gatherings between households in Aberdeen, the country’s oil hub, after a spike in new coronavirus cases, First Minister Nicola Sturgeon said.

“This shows what can happen if we let our guard drop and it should serve as a warning to all of us,” the Scottish leader said. “The risk of an even more significant outbreak is very real, which is why we have to take the decisive action we’ve announced today.”

Moderna Books $400 Million of Vaccine Deposits (7:44 a.m. NY)

Moderna Inc. said it has received $400 million of deposits so far for potential supply of its Covid-19 vaccine, as part of discussions with several countries.

Investors are waiting to see if Moderna strikes a deal to sell a big supply of its vaccine to the U.S. Its competitor Pfizer Inc. already has such a deal, at just under $40 for a two-shot regimen.

Vietnam Confirms 41 New Virus Cases (7:42 a.m. NY)

Vietnam reported 41 new coronavirus cases, with 40 tied to the coastal city of Danang and one returning from Russia, bringing the country’s total infections to 713, according to the health ministry.

Since the Danang outbreak started July 25, authorities have placed 20,645 people in quarantine centers, isolated 1,565 people in hospitals and ordered 97,831 others to stay home.

WHO Sends Team to Virus-Hit South Africa (6:51 a.m. NY)

The World Health Organization is sending 43 specialists to South Africa, which has more than half a million confirmed cases and expects infections to peak near the end of August.

South Africa has seen reduced hospital admissions in recent weeks, and its official virus death rate at 8,884 people is relatively low, though medical researchers have found a discrepancy between the confirmed fatalities and the number of excess natural deaths.

All sudden deaths as well as those that occur at home must now be evaluated for the virus before a death certificate is issued, Health Minister Zweli Mkhize told reporters Wednesday.

Animal Tourism Under Threat (6:27 a.m. NY)

Africa’s wildlife tourism industry, which usually generates $29 billion a year and employs 3.6 million people, is under threat as the coronavirus has brought leisure travel to a near halt, a report published in Nature Ecology & Evolution said.

WH Smith to Cut 1,500 Jobs (6:23 a.m. NY)

WH Smith Plc plans to eliminate 1,500 jobs in a fresh blow to Britain’s retail sector, which is struggling to recover from the pandemic lockdown.

The newsagent and stationery retailer said it had to reduce costs as its business continues to suffer from a low level of customer visits. Most of the job cuts will come from stores located in airports and railway stations

Poland Has Most Deaths in 5 Weeks (5:35 p.m. HK)

Poland reported 18 new coronavirus-related deaths in the past 24 hours, the most in a day since June 30, taking the total to 1,756 as an outbreak in the country’s industrial heartland worsens.

The pace of new cases slowed from Tuesday’s record 680, rising by 640 to 48,789, mostly in the southern coal mining region of Silesia and at a poultry processing company in the western district of Wielkopolska.

Experts Shoot Down Osaka’s Gargling Claim (5:07 p.m. HK)

There’s not enough evidence to support a claim that gargling with diluted povidone-iodine could prevent mild coronavirus patients from falling seriously ill, Toshio Nakagawa, chairman of the Japan Medical Association, told reporters Wednesday. The World Health Organization Centre for Health Development also added to skepticism.

“I understand that the governor must be very concerned about the sudden growth of cases in his region and is looking for some positive news,” said Nakagawa, adding that “we should keep calm and research it.”

Shelves across Japan were stripped clean of popular brands after Osaka Governor Hirofumi Yoshimura’s comments. Fears are growing of a new virus wave coming to Japan.

Hong Kong Outbreak Slowing (4:39 p.m. HK)

Hong Kong reported fewer than 100 local coronavirus cases for the third straight day, as the city’s worst outbreak shows signs of abating under tightened restrictions.

The Asian financial hub added a total of 82 local infections on Wednesday, according to data from the city’s health department. Thirty-three were unlinked to previous cases. The results come after Hong Kong reported 75 local cases on Tuesday and 80 on Monday.

Euro-Area Recovery Stronger Than Expected (4:00 p.m. HK)

Businesses in the euro zone saw stronger-than-initially reported growth in July, with output expanding for the first time since lockdowns in March.

Services providers and manufacturers both saw activity pick up. A composite purchasing managers’ index rose to 54.9, the highest level in just over two years and above a flash estimate. Orders increased for the first time in five months.

Taiwan Requires Japan Visitors Isolate (3:23 p.m. HK)

Travelers from Japan will now need to undergo 14-day quarantine when entering Taiwan, Taiwan Centers for Disease Control said, after the country was dropped from a list of areas that posed a low to mid-level of virus risk due to a surge in cases.

Virus Will Be in Germany ‘Long Time’ (1:45 p.m. HK)

The coronavirus will be in Germany “for a long time” and the health care system must be ready to cope if infections rise further, the World Medical Association Council Chairman Frank Montgomery said on DLF radio.

The country has seen an uptick in daily infections in recent days compared with mid-July. The number of cases rose by 717 in the 24 hours through Wednesday, taking the total to 212,828, according to data from Johns Hopkins University.

U.K. to Invest in Vaccine Factory (1 p.m. HKT)

The U.K. government and Valneva SE will each invest 14 million pounds ($18 million) in a Scottish plant that will make the French biotech firm’s Covid-19 vaccine, a person with knowledge of the matter said. Britain has reached deals for at least 250 million doses from four different vaccine developers in recent weeks, giving it one of the highest number of doses per capita globally.

Convalescent Plasma Lowers Mortality: WSJ (10:53 a.m. HK)

Transfusions of blood rich with antibodies from recovered Covid-19 patients to those hospitalized with the virus reduced their mortality rate by about 50%, the Wall Street Journal reported, citing data slides from researchers at a Mayo Clinic webinar.

The data, based on an analysis of about 3,000 patients, was submitted to the U.S. Food and Drug Administration but hasn’t been published in a journal or subject to peer review. An FDA spokesperson told WSJ it can’t comment on the conclusions.

Australia’s Virus Hotspot Sees Record Cases (11:08 a.m. HK)

Victoria reported a record daily case total as Australia’s second-most populous state enters its strictest lockdown since the pandemic began.

The state had 725 new cases in the past 24 hours, Victoria Premier Daniel Andrews told reporters in Melbourne. Fifteen people died in that period.

Meanwhile, economists at Australia New Zealand Banking Group Ltd. said they now see nationwide employment falling by 50,000 in August and September, reversing an earlier forecast of a 40,000 increase in jobs.

Azar to Visit Taiwan, Discuss Virus (10:09 a.m. HK)

U.S. Health and Human Services Secretary Alex Azar is scheduled to arrive in Taiwan “in the coming days” to discuss the global response to the pandemic and give supplies of medical equipment and technology, according to a statement on Wednesday from the American Institute in Taiwan, the de facto U.S. embassy in Taipei. It is the first cabinet-level visit to Taiwan in six years.

The visit comes amid steadily escalating tensions between the U.S. and China, which Taiwan officials accuse of taking a more hostile posture toward the island with a sharp increase in military incursions into its air defense identification zone.

Gates Urges U.S. to Help Poorer Countries (9:01 a.m. HK)

Bill Gates, the Microsoft Corp. founder and philanthropist, said in an interview that while the U.S. leads in research, “we’ve only taken care of ourselves” in producing and procuring a vaccine.

He’s encouraged Congress to consider adding $8 billion to a relief bill currently being debated to help less-developed countries procure an eventual vaccine.

Gates also said he believes a vaccine will likely be approved by the beginning of 2021, though that may be a “stop-gap” primarily available to wealthier nations. More effective vaccines, Gates said, may take longer to develop.

— With assistance by Heather Smith, Thomas Mulier, Jonathan Levin, and Renata S Geraldo

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